On Thu, 17 Mar 2011 11:01:20 -0700, DGDevin wrote:

"Michael Dobony" wrote in message
...

Former Federal Reserve chairman Alan Greenspan is blaming the lagging
recover on the government's intervention! Specifically, he blames Obama
and
the Democrat's outrageous deficits which are sucking money from the
economy.

The Alan Greenspan who said for most of his adult life that the market was
self-policing and self-correcting even in cases of outright fraud, but who
had to admit not too long ago that his beliefs had been shown to have some
serious flaws (e.g. the recent Wall St. meltdown)--that Alan Greenspan?

Yeah, there's a guy with credibility to spare. I wonder where he was on the
subject of deficits when the Bush administration was doubling the federal
debt?

???????? Doubling? It took 8 years for Bush to allow about $700 billion in
overspending. Yes, he should have vetoed the corrupt Democrat budgets. Now
they have a free hand at overspending by the trillions each year! The
budget does NOT start with the President, but with the House (read your
Constitution).

Yea, Greenspan was an arrogant idiot to think he could control the economy.
He did do a good job for a long time, but overestimated his control. His
ego was bigger than an Obama/Democrat budget deficit!